Re:Investors bought a record share of U.S. homes in 2021
by pydry on Thursday February 17, 2022 @12:11PM
(#30375666)
>And this wealth inequality is mostly caused by people making dumb choices.
It was caused by economic parasites, not choices.
I know a fair number of people who inherited property and do almost no productive work.
They live lavish lifestyles and live almost entirely off the hard work of others while their wealth - the result of the hard work of others - both grows and sustains them.
I know a fair few others who are worth to society far in excess of what they are paid and have very little left of that once bills from monopolies, rent and taxes are accounted for.
Re:Investors bought a record share of U.S. homes in 2021
by cellis on Thursday February 17, 2022 @01:13PM
(#30376531)
Been going pretty well for about 1000 years now. ( how many revolutions have there been in the last 1000 years, and did wealthy people stop being wealthy? )
It was caused by economic parasites, not choices.
I know a fair number of people who inherited property and do almost no productive work.
They live lavish lifestyles and live almost entirely off the hard work of others while their wealth - the result of the hard work of others - both grows and sustains them.
I know a fair few others who are worth to society far in excess of what they are paid and have very little left of that once bills from monopolies, rent and taxes are accounted for.
At some point this system breaks down completely.